Assess whether or not your management style is limiting the outcome of your business efforts
Sometimes, even after pouring yourself into your business and working all the hours to take it to the next level, you’re still not getting the results you’re hoping for. It’s a common enough problem for most entrepreneurs, and it’s really not just about whether you’ve worked hard enough; it’s about whether you’ve worked smart enough.
As a Business Coach, my job is to train my clients to nurture a habit that cultivates productivity, knowledge, and excellent leadership so they can make sound decisions and convert them into actions for their company. I’ve learned that most business owners are too caught up with working in the business that they tend to neglect their most important responsibility — to work on the business.
As a result, they fall into a nasty pattern that takes away any chance of helping the business grow and attain its goals.
Poor time management
The most common disease that entrepreneurs suffer from is the inability to prioritise. When a manager spends his time working on something he could have delegated to someone else more capable, he’s essentially wasting valuable time and creative juices which could have been used to brainstorm on strategy and tactics. It’s not surprising that by focusing on the wrong things, you won’t get the results you want.
Not sticking to your business plan (or not having one)
Some business owners avoid research and strategy because they aren’t sure what to do. They become afraid of committing to a strategy because they’re worried they will fail, and so they turn a blind eye to this essential part of the business. And instead, they just “wing it”.
Putting your business, brand and product out there without a firm understanding of statistics, analytics and other data that will help you to effectively advance your market are like driving through unfamiliar territory without a map. You may eventually get to where you want to go, but you will have wasted gas, money, time, and energy.
Not dealing with failure and being too hard on yourself (or others)
When things don’t go as you have planned, what is your first reaction? Is it to refocus and figure out what went wrong? Or is it to blame someone or something else for the failure?
More often than not, success is the direct result of fixing or correcting past failures and missed opportunities. How do you expect to get the results you want if, instead of working on a solution and finding ways to improve, you resort to playing the blame game?
Being too scared to go out of your comfort zone
Entrepreneurs usually start off with great strategies and plans, but somewhere along the way they settle. Instead of focusing on building their business so it can produce the results they want, they switch. They switch to lowering their expectations so that it meets the limitations of their underperforming business. Or maybe they just decide to do the same things over and over again just because they “work”. You may get the results you want right now, but you can never sustain that success if you settle. Growth means leaving your comfort zone, setting bigger goals, and then making the commitment to take the action required.
Always assuming you know how things are done
Sometimes, sheer arrogance gets in the way of opening yourself up to new opportunities to be successful in business. A lot of managers think that because they’ve had a certain level of experience, they don’t need any help.
There’s a lot of insight and knowledge about the business that can only be effectively learned through gaining a different perspective. Sometimes, when you’re too immersed in something, you miss the chance to see the bigger picture, and thus you find it hard to make decisions and work your way out of occasional struggles. You need to know when you need to seek help and guidance from someone with an objective point of view.
Our Cycle of Business Success Workshops are game-changers for business owners. They love what they see, and it completely fires them up. You’ve got nothing to lose by coming along to these free events and everything to gain. Why wait? Don’t put off until tomorrow what you absolutely know you should do today. I’ve helped thousands of business owners to build and grow their businesses – and they’ve never looked back.
Free to attend but with limited places! Upcoming event:
- Friday 23rd September 2022 – Drayton Manor Park Hotel, Fazeley
BOOK YOUR PLACE HERE